The BEA has released the underlying details for the Q4 initial GDP report. The BEA reported that investment in non-residential structures decreased at a 4.2% annual pace in Q4. Investment in petroleum and natural gas exploration increased in Q4 compared to Q3, and has increased substantially recently (although this may change with the recent decline in oil prices). Without the increase in petroleum and natural gas exploration, non-residential investment would only be up about 5% year-over-year. Click on graph for larger image. The first graph shows investment in offices,......(
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